The Pivotal Insurance Agency LLC

217 West Main Street,
Louisa, VA 23093

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Why a home business needs commercial insurance

Home businesses are becoming increasingly popular and they make up the largest percentage of all new small businesses. It’s easy to see the attraction, you don’t need to spend money on a storefront, but it is risky to not treat your business as a separate entity from your home. At The Pivotal Insurance Agency LLC in Louisa, VA we understand commercial insurance and why your business needs it. 

Property insurance

Home property insurance is very different from commercial property insurance. Commercial property includes not only the building, it covers the things you need to run your business. Your home property insurance will not pay for your business inventory or raw materials. In order to protect your business, you need commercial property insurance. 

Liability insurance

Your home has liability insurance and if anyone who is visiting you is injured, you have coverage. But your home insurance will not cover someone who is visiting your home for business purposes. You would be leaving yourself open to legal action and you would have to pay for it yourself if you don’t have commercial liability coverage. It is not worth the risk.

Auto insurance

If you are using your personal auto for business reasons and have an accident, you will not be covered. You need to have commercial insurance on a vehicle that you are using for business.  

Workers compensation 

In Virginia, if your business has two or more employees, whether they are part-time, seasonal, or full-time, you need to provide workers’ compensation insurance. 

Business interruption insurance

Most small businesses can benefit from this insurance, which will help you to pay your bills if you are forced to stop doing business because of a covered peril. It can be a lifesaver. 

Give Us A Call

Contact The Pivotal Insurance Agency LLC in Louisa, VA to discuss what commercial insurance is best for your business.